Though the broader market stayed afloat Thursday, technology stocks continued to underperform, and experts are warning that the sector could sink further after a year of eye-popping gains that pushed the tech-heavy Nasdaq up more than 100% at its mid-pandemic peak.The Nasdaq ticked up 0.1% Thursday, but the index is still down 8% from its all-time high on February 12; meanwhile, the Dow Jones industrial average jumped 0.6% and is just 1% off its latest high last Wednesday.
Bahnsen expects the index's underperformance to continue and likens the dynamic to the"strong historical precedence" set by the technology bubble popping in 2000–during which the Dow actually rose while the Nasdaq plunged.
They’ve been in correction territory for yrs, now the media is just being honest about how overvalued they are. As the link between funds, firms & media becomes more & more clear. Lots of firms & VCs even buying media outlets specifically for stock manipulation: